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NEW QUESTION: 1
Miriam tries to access a hidden control programmatically by client-side JavaScript. When the page is
rendered, she cannot access the data of that control.
Which option might be the reason for this result?
A. She deselected the visible property.
B. She has set the calculate property to false.
C. She used a <div style="display:none"> tag to hide the control.
D. She tried to access the data in a custom control, but custom controls do not support JavaScript.
Answer: A
NEW QUESTION: 2
Section A (1 Mark)
Mr. Raghav is now 40 years old. He has invested some amount in an annuity which will pay him after 10 years Rs. 30,000/- p.a. at the end of every year for 10 years. Rate of interest is 6% p.a. Calculate how much he has invested today?
A. 0
B. 1
C. 2
D. 3
Answer: D
NEW QUESTION: 3
Under the credit migration approach to assessing portfolio credit risk, which of the following are needed to generate a distribution of future portfolio values?
A. The forward yield curve
B. A specified risk horizon
C. All of the above
D. A rating migration matrix
Answer: C
Explanation:
Explanation
The credit migration approach to assessing portfolio credit risk involves obtaining a distribution of future portfolio values from the ratings migration matrix. First, the frequencies in the matrix are used as probabilities, and expected future values of the securities belonging to each rating category are calculated. These are then discounted to the present using the discount rate appropriate to the 'future' rating category. This gives us a forward distribution of the value of each security in the portfolio. These are then combined using the default correlations between the issuers. The default correlation between the issuers is often proxied using asset returns, and recognizing that default occurs when asset values fall below a certain threshold. A distribution for the future value of the portfolio is generated using simulation, and from this distribution the Credit VaR can be calculated.
Thus, we need the migration matrix, the risk horizon from which the present values need to be calculated, and the forward yield curve or the discount curve for each rating category for the risk horizon. Thus, Choice 'd' is the correct answer.
NEW QUESTION: 4
NOTE: Each correct selection is worth one point.
A. Option C
B. Option D
C. Option B
D. Option A
Answer: B,D
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